Ascot Resources (TSE:AOT) Trading Down 7.1% - Here's What Happened

Key Points

• Ascot Resources Ltd. saw its share price decrease by 7.1% on Thursday, closing at C$0.07 with a trading volume significantly down by 81% compared to its average.
• BMO Capital Markets downgraded the company from a "strong-buy" to a "hold" rating, while Desjardins upgraded it to a "moderate buy".
• The company has a market capitalization of C$66.51 million and a notably high debt-to-equity ratio of 6.67.

Ascot Resources Ltd. (TSE:AOT - Get Free Report)'s share price was down 7.1% on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 231,732 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,199,653 shares. The stock had previously closed at C$0.07.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AOT shares. BMO Capital Markets lowered Ascot Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Desjardins upgraded Ascot Resources to a "moderate buy" rating in a research note on Wednesday, April 16th.

Ascot Resources Price Performance

The company's 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.11. The company has a market cap of C$66.51 million, a P/E ratio of -3.63 and a beta of 1.46. The company has a current ratio of 0.23, a quick ratio of 1.73 and a debt-to-equity ratio of 6.67.

Ascot Resources Company Profile

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt.

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